Entries from May 2010

Markets Related: Oil Water Politics, Euro, HFT, New Ratings Agency, Europe, Seth Klarman, Vigilante Rex, Risk, Mania to Depression, Evil Speculators, Gold

May 24th, 2010 · No Comments

  Oil & Water, Politics & Markets, Euro & Dollar – David Kotok – Like oil and water, politics and markets do not mix well.  And politics are driving worldwide markets.  – Cumberland Advisors ———— All Eyes on [...]

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Tags: Mortgage Market

Extensive Citi and Chase updates, including approved fraud detection vendors; Utah deadline looms; USDA update

May 24th, 2010 · No Comments

extensive-citi-and-chase-updates-including-approved-fraud-detection-vendors-utah-deadline-looms-usda-update

 

  

“I quit the plant ‘57, had some time for farmin’ then.
Banks back then was lendin’ money – the banker was the farmer’s friend…”

Don Henley’s “Month of Sundays” lyrics could have foreseen the current situation. The USDA-Rural Development has exhausted its fiscal year 2010 funding for the Guaranteed Rural Housing program. So most transactions on hold [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

Government: Financial Overhaul Section (5) plus France, Greece, Rand Paul, China Yuan, GSEs, Home Equity, Shorebank Chicago Style

May 23rd, 2010 · No Comments

I attending NYC MBA conference. Financial Overhaul Section: good summary chart – Major Parts of the Financial Regulation Overhaul – The Senate on Thursday approved a far-reaching financial regulatory bill, 59 to 39. Democratic Congressional leaders and the Obama administration must now reconcile it with the [...]

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Tags: Mortgage Market

The Garrett, Watts Report (Not a great issue, but an okay one)

May 21st, 2010 · No Comments

    To Our Clients, Colleagues and Friends, Here’s a sure sign of the demise of American media: Time Magazine recently featured the 100 most influential people in the United States , and Lady Gaga was one of them. Can you believe that?  No way does [...]

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Tags: Mortgage Market